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Labor unrest going stronger as Egyptians demand better wages
A day after International Labor Day, members of trade unions, public workers and opposition groups gathered to call for an increase in the national minimum wage, set at 35 Egyptian pounds ($6) a month since 1984. They said it should rise to 1,200 pounds ($215). Analysts are watching closely to see if Egyptian labor groups... »
Egypt: Inflation Eases to Slowest Pace in 18 Months
Inflation rate in Egypt fell to an 18 month low in June, giving the central bank more room to keep its key interest rate at its lowest level in a year and a half. Urban inflation, the benchmark rate that the central bank monitors, slowed to 9.9 percent from 10.2 percent in the previous month.... »
